{"id":55086,"date":"2026-03-18T05:22:12","date_gmt":"2026-03-18T05:22:12","guid":{"rendered":"https:\/\/emilynews.com\/blog\/?p=55086"},"modified":"2026-03-18T05:22:13","modified_gmt":"2026-03-18T05:22:13","slug":"bitcoin-holds-70k-the-bull-market-back","status":"publish","type":"post","link":"https:\/\/emilynews.com\/blog\/?p=55086","title":{"rendered":"Bitcoin holds $70K, the bull market back?"},"content":{"rendered":"<p>A Bitcoin price rally to $80,000 would bring the bulk of spot BTC ETF holders to breakeven on their positions and possibly signal the resumption of the crypto bull market.<\/p>\n<p>Bitcoin is closing in on its average entry price for US spot BTC exchange-traded fund (ETF) investors at $79,900. The narrowing gap between Bitcoin\u2019s market price and the ETF holders\u2019 cost basis coincides with onchain data that shows early signs of accelerated buying from investors.<\/p>\n<h2>Bitcoin ETF breakeven level nears key trend test<\/h2>\n<p>Bitcoin\u2019s sustained price rally above $70,000 puts a key investor cohort back in focus. The ETF cost basis level acted as support in mid-2024, and a break above this level brings many ETF holders closer to breakeven.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2026-03\/019cfceb-77aa-7a87-bc66-87c052395415.png\" alt=\"Coinbase, Cryptocurrencies, Bitcoin Price, Adoption, Markets, United States, Cryptocurrency Exchange, Binance, Price Analysis, Market Analysis, Bitcoin ETF, ETF\" data-ct-img-zoomable=\"\" \/><figcaption><em>Spot Bitcoin ETF realized price. Source: CryptoQuant<\/em><\/figcaption><\/figure>\n<p>The flow data adds further context to this shift. According to Bitcoin researcher Axel Adler Jr., the ETF flows flipped positive after persistent outflows through mid-February.<\/p>\n<p>The seven-day average has since moved to steady inflows, with daily flows peaking above 3,300 BTC on March 2. The ETF holdings have expanded to 1,291,618 BTC from 1,264,982 BTC, a 26,636 BTC increase over the past month.<\/p>\n<p>Investors\u2019 ETF cost basis also aligns with a key daily trend. A decisive move through this range marks a reclaim of the 100-day exponential moving average (EMA) on the daily chart for the first time since October 2025.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2026-03\/019cfced-8cbe-70f6-8361-47846fce33c6.png\" alt=\"Coinbase, Cryptocurrencies, Bitcoin Price, Adoption, Markets, United States, Cryptocurrency Exchange, Binance, Price Analysis, Market Analysis, Bitcoin ETF, ETF\" data-ct-img-zoomable=\"\" \/><figcaption><em>BTC\/USDT one-day chart. Source: <\/em><em>Cointelegraph\/TradingView<\/em><\/figcaption><\/figure>\n<div data-ct-widget=\"inline-ad\">\n<div class=\"_ad-slot_xzt52_1\">\u00a0<\/div>\n<\/div>\n<p>A move above the 100-day EMA signals a shift into a long-term uptrend, which also reinforces the bullish momentum. It also serves as a key trend filter where sustained price action above it often leads to continued upside gains.<\/p>\n<p><em><strong>Related: \u2018Bitcoin Standard\u2019 author explores reality where decentralized gold stopped WWI<\/strong><\/em><\/p>\n<h2>Bitcoin buyers begin to outpace sellers<\/h2>\n<p>The order flow across major exchanges shows a gradual shift in market behavior. Crypto analyst Darkfost noted that the 30-day volume delta on Binance and Coinbase has turned positive after sustained selling pressure in February. Both the retail and institutional flows are now collectively skewing toward accumulation.\u00a0<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2026-03\/019cfcea-6acb-7ad2-8860-9231eb102c22.jpg\" alt=\"Cryptocurrencies, Bitcoin Price, Adoption, Markets, United States, Cryptocurrency Exchange, Price Analysis, Market Analysis, Bitcoin ETF, ETF\" data-ct-img-zoomable=\"\" \/><figcaption><em>Bitcoin spot net volume delta on Coinbase, Binance. Source: CryptoQuant<\/em><\/figcaption><\/figure>\n<p>Bitcoin\u2019s futures data reinforces this trend. Amr Taha noted that Binance\u2019s cumulative volume delta (CVD) has rebounded by nearly $6 billion from its lows, tracking a rise in aggressive market buying since BTC traded near $63,000.<\/p>\n<p>The metric remains below zero, though a significant portion of earlier sell pressure has now been absorbed during the recovery.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2026-03\/019cfce8-5c9f-77e5-9a88-aeff9cec8e6e.jpg\" alt=\"Cryptocurrencies, Bitcoin Price, Adoption, Markets, United States, Cryptocurrency Exchange, Price Analysis, Market Analysis, Bitcoin ETF, ETF\" data-ct-img-zoomable=\"\" \/><figcaption><em>Bitcoin: Binance cumulative net taker volume. Source: CryptoQuant<\/em><\/figcaption><\/figure>\n<div data-ct-widget=\"inline-parallax-ad\">\u00a0<\/div>\n<p>CryptoQuant data shows that short-term holder activity also aligns with this shift. The spent-output profit ratio (SOPR) metric, which shows whether coins are sold at a profit or loss, has moved back above 1, signaling that the selling pressure has eased and coins are now trading around or above their cost. Analyst miracleyoon said,\u00a0<\/p>\n<blockquote><p>\u201cWhile this capitulation was not as severe as the August 5, 2024, event (which saw SOPR approach ~0.9), the series of recent capitulation signals appears sufficient to have flushed out weak hands.\u201d<\/p><\/blockquote>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2026-03\/019cfce7-3788-7e65-bf58-0217ad919162.jpg\" alt=\"Cryptocurrencies, Bitcoin Price, Adoption, Markets, United States, Cryptocurrency Exchange, Price Analysis, Market Analysis, Bitcoin ETF, ETF\" data-ct-img-zoomable=\"\" \/><figcaption><em>Bitcoin short-term holder SOPR. Source: CryptoQuant<\/em><\/figcaption><\/figure>\n<p>The data suggests that Bitcoin remains on track to test the $80,000 level, but a move above the key breakeven zone may determine the strength and direction of the trend in the coming weeks.<\/p>\n<p>*********************************<\/p>\n<p>If one of the paying programs on our Monitor appeals to you, please support <em>EmilyNews<\/em> by registering for it on our website. Thanks very very much!<\/p>\n<p>EN web <strong>Support Chat<\/strong> | Hyips and Crypto questions \u2013 <strong><a style=\"color: #c03939; text-decoration: underline;\" href=\"http:\/\/emilynews.com\/chat\/hyips\/\">HyipChatEN<\/a><\/strong><\/p>\n<p>Telegram Chat for Crypto and Hyip reports: <strong><a href=\"https:\/\/telegram.me\/HyipChatEN\" target=\"_blank\" rel=\"noopener noreferrer\">@HyipChatEN<\/a><\/strong><\/p>\n<p>*********************************<\/p>\n<p>Be the first to get most important HYIP news everyday!<br \/>\nSimply Follow <a href=\"https:\/\/www.facebook.com\/EmilyNewsOnline\/\" target=\"_blank\" rel=\"noopener noreferrer\"><strong style=\"text-decoration: underline;\">EN Facebook<\/strong><\/a>, <a href=\"https:\/\/telegram.me\/CryptoHyipsEN\" target=\"_blank\" rel=\"noopener noreferrer\"><strong style=\"color: #c03939; text-decoration: underline;\">EN Telegram<\/strong><\/a>, <a href=\"https:\/\/twitter.com\/EmilyHyipNews\" target=\"_blank\" rel=\"noopener noreferrer\"><strong style=\"text-decoration: underline; font-size: 1.3em;\">EN Twitter<\/strong><\/a><br \/>\nor Subscribe to <strong><a style=\"color: #c03939; text-decoration: underline;\" href=\"https:\/\/feedburner.google.com\/fb\/a\/mailverify?uri=Emilynews\" target=\"_blank\" rel=\"noopener noreferrer\">EN Feedburner<\/a><\/strong> and submit your email address!<\/p>\n<p>If you like this article and want to support EN \u2013 please share it by using at least few of social media buttons below. Thanks and See you tomorrow!<\/p>\n<p><a href=\"https:\/\/emilynews.com\/blog\/wp-content\/uploads\/2020\/11\/Reminder2-1.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-13137\" src=\"https:\/\/emilynews.com\/blog\/wp-content\/uploads\/2025\/02\/Reminder2-1.jpg\" alt=\"\" width=\"544\" height=\"600\" \/><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>A Bitcoin price rally to $80,000 would bring the bulk of spot BTC ETF holders to breakeven on their positions and possibly signal the resumption of the crypto bull market. Bitcoin is closing in on &hellip; <a title=\"Bitcoin holds $70K, the bull market back?\" class=\"exalt-read-more\" href=\"https:\/\/emilynews.com\/blog\/?p=55086\"><span class=\"screen-reader-text\">Bitcoin holds $70K, the bull market back?<\/span>Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":54216,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5651,6],"tags":[139,3544,3812,5652,10,159,97],"class_list":["post-55086","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptonews","category-information","tag-bitcoin","tag-bitcoin-news","tag-cryptonews","tag-emilynews","tag-hyip","tag-hyipnews","tag-hyips","exalt-entry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Bitcoin holds $70K, the bull market back? - EmilyNews<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/emilynews.com\/blog\/?p=55086\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin holds $70K, the bull market back? - EmilyNews\" \/>\n<meta property=\"og:description\" content=\"A Bitcoin price rally to $80,000 would bring the bulk of spot BTC ETF holders to breakeven on their positions and possibly signal the resumption of the crypto bull market. 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